Harrow Announces Market Access Wins for VEVYE®
2024年11月12日 - 9:00PM
ビジネスワイヤ(英語)
Harrow (Nasdaq: HROW), a leading North American eyecare
pharmaceutical company, today announced its first major market
access wins in the 2025 Medicare Part D Prescription Drug Program.
Starting January 1, 2025, VEVYE will be included in key formularies
managed by major plan sponsors such as Express Scripts, Cigna,
Kaiser Permanente, and CVS Caremark. In the aggregate, these
sponsors represent over 25 million Medicare Part D
beneficiaries.
In addition to Medicare Part D, VEVYE has achieved broad
coverage across other major insurance programs, including 100% of
U.S. Medicaid programs and 60% of commercial insurance coverage.
This breadth of coverage underscores Harrow’s commitment to
ensuring that patients, regardless of their insurance type, have
access to effective treatment for chronic dry eye disease (DED), a
condition that affects millions of Americans and is especially
impactful to older adults.
“Medicare access is essential for VEVYE’s continued successful
progression as a preferred dry eye disease prescription choice, and
we’re thrilled that we’ve secured these initial Medicare Part D
formulary coverages – including with some of the largest 2025
Medicare Part D payers,” said Mark L. Baum, Chairman and Chief
Executive Officer of Harrow. “For too long, Medicare beneficiaries
have lacked an accessible, effective, and highly tolerable dry eye
treatment. With 67 million Medicare beneficiaries in the U.S.,
including the 54 million with Medicare Part D prescription
coverage, there is a substantial need for the unique clinical
benefits that VEVYE offers. The prevalence of DED rises with age,
and seniors face an increased risk for this chronic condition,
affecting their comfort, vision, and overall quality of life. With
this expanded access, we can better serve Medicare beneficiaries by
improving their eye health, independence, and quality of life.”
About VEVYE
VEVYE® (cyclosporine ophthalmic solution) 0.1%, a patented,
non‑preserved, twice-daily (BID) dosed prescription drug based on a
“water‑free” semifluorinated alkane eyedrop technology, is uniquely
dispensed in a 10 microliter drop and is the first and only
cyclosporine‑based product indicated for treating both the signs
and symptoms of dry eye disease (DED).
About Dry Eye Disease
Dry eye disease (DED) is a common condition that occurs when the
eyes do not produce enough tears or when the tears evaporate too
quickly, and it is often associated with chronic inflammation.
Untreated DED can lead to discomfort such as stinging, burning or
blurry vision, and chronic DED can interfere with daily activities
like reading and using a computer. More serious consequences
include increased risk of eye infections and damage to the surface
of the eye, which can potentially result in serious vision problems
and even loss of sight. Causes of dry eye are varied and can
include aging, certain medications, medical conditions, or
environmental factors such as increased screen time and exposure to
pollutants, all of which are contributing to a forecast of
continued significant increase in DED. According to a 2020 report
from Market Scope, DED affects more than 38 million Americans. In
addition, 92% of this patient population remains un- or
under-treated due to limited efficacy and poor tolerability of
existing prescription and non-prescription choices.1
1 Source: Ophthalmology Innovation Source
(OIS) Dry Eye Conference (March 2021)
About Harrow
Harrow, Inc. (Nasdaq: HROW) is a leading eyecare pharmaceutical
company engaged in the discovery, development, and
commercialization of innovative ophthalmic pharmaceutical products
for the North American market. Harrow helps eyecare professionals
preserve the gift of sight by making its portfolio of prescription
and non-prescription pharmaceutical products accessible and
affordable to millions of patients each year.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. Any statements in this release that are not historical facts
may be considered such “forward-looking statements.”
Forward-looking statements are based on management's current
expectations and are subject to risks and uncertainties which may
cause results to differ materially and adversely from the
statements contained herein. Some of the potential risks and
uncertainties that could cause actual results to differ from those
predicted include, among others, risks related to: liquidity or
results of operations; our ability to successfully implement our
business plan, develop and commercialize our products, product
candidates and proprietary formulations in a timely manner or at
all, identify and acquire additional products, manage our pharmacy
operations, service our debt, obtain financing necessary to operate
our business, recruit and retain qualified personnel, manage any
growth we may experience and successfully realize the benefits of
our previous acquisitions and any other acquisitions and
collaborative arrangements we may pursue; competition from
pharmaceutical companies, outsourcing facilities and pharmacies;
general economic and business conditions, including inflation and
supply chain challenges; regulatory and legal risks and
uncertainties related to our pharmacy operations and the pharmacy
and pharmaceutical business in general; physician interest in and
market acceptance of our current and any future formulations and
compounding pharmacies generally. These and additional risks and
uncertainties are more fully described in Harrow’s filings with the
Securities and Exchange Commission (SEC), including its Annual
Report on Form 10-K for the year ended December 31, 2023,
subsequent Quarterly Reports on Form 10-Q and other filings with
the SEC. Such documents may be read free of charge on the SEC's web
site at sec.gov. Undue reliance should not be placed on
forward‑looking statements, which speak only as of the date they
are made. Except as required by law, Harrow undertakes no
obligation to update any forward-looking statements to reflect new
information, events, or circumstances after the date they are made,
or to reflect the occurrence of unanticipated events.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241112120889/en/
Investors Jamie Webb
Director of Communications and Investor Relations
jwebb@harrowinc.com 615-733-4737
Media Deb Holliday Holliday
Communications, Inc. deb@hollidaycommunications.net
412-877-4519
Harrow (NASDAQ:HROW)
過去 株価チャート
から 12 2024 まで 1 2025
Harrow (NASDAQ:HROW)
過去 株価チャート
から 1 2024 まで 1 2025